Foresight News reports that Vishal Kankani, head of the investment team at Multicoin Capital, responded to Multicoin Capital’s framework for Aave Will Win, expressing support for the proposal put forward by Aave Labs. As a significant holder of AAVE, Multicoin Capital believes that redirecting 10% of Aave brand product revenue to the DAO is a strategic shift that will help drive Aave toward a clearer tokenomics model. The firm stated that if executed properly, this proposal would not only be highly significant for Aave but also set an important precedent for the entire DeFi space.
Multicoin Capital indicated that the proposal allocates approximately $25 million in stablecoins, plus 75,000 AAVE tokens (valued at about $118 per AAVE, totaling roughly $9 million), along with additional milestone rewards. In total, this represents an economic exposure of over $40 million to $50 million, accounting for about 25% to 30% of the total funds. This is a substantial proportion of the Aave DAO’s funds. Given the scale and pioneering nature of this funding request, we believe the proposal should provide more detailed financial and underwriting data to substantiate the request.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Saylor Reveals 3–6 Year Plan to Equitize Convertible Debt
_Strategy plans to convert $6B in convertible debt to equity over 3-6 years while holding 714,644 BTC worth $49B._
Michael Saylor has outlined a multi-year plan to convert Strategy’s $6 billion in convertible bond debt into equity, as the company continues to expand its Bitcoin treasury
LiveBTCNews1h ago
Renaiss hosts a collectibles exhibition at the Consensus conference, with a total value of over $15 million.
Renaiss Protocol and its sub-brands are hosting a high-profile private collectibles exhibition in Hong Kong, showcasing rare cards and cultural artifacts valued at over $15 million. The exhibition incorporates blockchain technology to enhance the transparency and liquidity of collectibles, attracting industry attention.
GateNewsBot2h ago
Jack Dorsey Compares Current Finance to a Fax Machine
Jack Dorsey predicts Bitcoin will make traditional finance obsolete, likening it to a fax machine. Through his company Block Inc., he's implementing zero-fee Bitcoin payments, shifting its perception from a store of value to everyday currency, challenging the legacy financial system.
Coinfomania2h ago
Pi Network Completes Upgrade Before March 12 DEX Launch
Pi Network news today reveals it has completed its mandatory v19.6 node upgrade on February 15. This marks a key step toward the upcoming decentralized exchange launch. The upgrade was required for all mainnet nodes to stay connected. With support, the next phase of the network’s development will
Coinfomania3h ago
Ethereum Foundation Co-Executive Director: Ethereum can become a chain driven by large language models, currently with natural advantages
Tomasz Stańczak, Co-Executive Director of the Ethereum Foundation, stated that Ethereum becoming the first chain driven by large language models is crucial and has natural advantages. He revealed that the foundation has established a decentralized artificial intelligence team and hired a tool coordinator to advance this process.
GateNewsBot3h ago
